Traders Purchase Large Volume of Mattel Call Options (NASDAQ:MAT)

Mattel, Inc. (NASDAQ:MAT) saw unusually large options trading activity on Tuesday. Traders bought 6,361 call options on the stock. This is an increase of approximately 460% compared to the average volume of 1,136 call options.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC acquired a new stake in shares of Mattel during the 1st quarter worth approximately $553,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Mattel by 74.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,437 shares of the company’s stock worth $67,000 after buying an additional 1,468 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Mattel by 50.5% during the first quarter. Goldman Sachs Group Inc. now owns 4,153,851 shares of the company’s stock valued at $80,709,000 after buying an additional 1,393,000 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Mattel by 5.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 778,963 shares of the company’s stock valued at $15,135,000 after buying an additional 37,118 shares in the last quarter. Finally, Focus Partners Wealth purchased a new position in Mattel in the first quarter valued at $266,000. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAT. JPMorgan Chase & Co. dropped their price target on Mattel from $25.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, October 27th. Cfra Research downgraded shares of Mattel from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group lowered shares of Mattel from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Friday, January 9th. Morgan Stanley reiterated a “positive” rating on shares of Mattel in a research note on Monday, February 2nd. Finally, DA Davidson reduced their price objective on shares of Mattel from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, October 22nd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $23.86.

Mattel Stock Performance

Shares of NASDAQ:MAT traded up $0.71 during trading on Tuesday, hitting $22.25. The stock had a trading volume of 2,155,721 shares, compared to its average volume of 2,900,595. The company has a quick ratio of 1.18, a current ratio of 1.60 and a debt-to-equity ratio of 0.77. Mattel has a 12-month low of $13.94 and a 12-month high of $22.48. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 2.28 and a beta of 0.70. The stock has a 50-day simple moving average of $20.75 and a two-hundred day simple moving average of $19.12.

About Mattel

Mattel, Inc is a leading global toy company headquartered in El Segundo, California. Founded in 1945 by Harold “Matt” Matson and Elliot and Ruth Handler, the company has grown into a major player in the toy and family products industry. Mattel designs, manufactures, and markets a broad range of toys, games and entertainment products under well-known brands, including Barbie, Hot Wheels, Fisher-Price, American Girl, Thomas & Friends, UNO and Matchbox. In addition to its proprietary labels, Mattel holds licenses with global entertainment franchises, partnering with Disney, Warner Bros., WWE and other studios to create character-driven play experiences.